What was the retained earnings amount for Bombs Away Franchising LLC on December 31, 2023?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
We have audited the financial statements of BOMBS AWAY FRANCHISING LLC (the "Company"), which comprise the Balance Sheet as of December 31, 2023, the related Profit & Loss Statement, the related Statement of Cashflows, the related Statement of Shareholders' Equity, and the related notes for the twelve-month period then ended. (collectively referred to as the "financial statements").
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the balance sheet as of December 31, 2023, is included in the financial statements. However, the specific amount for retained earnings is not present in the provided excerpts.
While the excerpts include the independent accountant's audit report, statements of cash flow, and statements of shareholder equity, the actual figures for retained earnings as of December 31, 2023, are not disclosed in this section. The financial statements and related notes would typically contain this information.
A prospective Bombs Away franchisee should request a full copy of the audited financial statements, including the balance sheet, from the franchisor to review the retained earnings. This figure is an important indicator of the company's financial health and profitability. Understanding the trend in retained earnings over time can provide valuable insights into the company's financial performance.